Nuclear oversight needs ‘urgent’ action, MPs say

Ministers must act “as urgently as possible” to clarify how the nuclear industry will be regulated after Brexit, MPs have warned.

The Commons energy committee, which has been investigating the impact of Brexit on energy policy, urged the UK to delay leaving Europe’s nuclear regulator.

Power supplies could be threatened if a new regulator was not ready, it said.

Ministers had told the committee that guaranteeing the UK’s supply of nuclear fuel was a “high priority”.

The report, by the cross-party Business, Energy and Industrial Strategy Committee, warns that Brexit could distract the government from introducing policies to tackle climate change and result in key standards being removed.

It says there is a long-term risk the UK will become a “rule-taker” – unable to influence European rules and standards it has to comply with – and says plans to leave the European regulator Euratom have not been thought through.

‘Madness’

Committee chairman Iain Wright said: “Ministers must act as urgently as possible. The repercussions of failing to do so are huge.

“The continued operations of the UK nuclear industry are at risk,” the Labour MP said.

The committee recommended delaying the UK’s departure from Euratom, until alternative arrangements were in place, saying that would “minimise and disruptions to trade and threats to power supplies”.

Former Business Secretary Sir Vince Cable said it was “madness” to pull out of Euratom, adding it would be “a monumental waste of time and money”.

“The report makes clear that leaving will threaten power supplies.

“It shows the dogma of the Conservative Brexit ultras that they are prepared to risk power supplies, trade and research just for misguided ideological reasons,” Sir Vince said.

Justin Bowden, national officer of the GMB union, said: “The latest stark warning about Euratom and the Brexit approach to nuclear power, yet again emphasises our government’s lack of anything that could be called a coherent energy policy.

“Decisive action must take place now. The electorate will not forgive politicians of any political party who fail in their duty to maintain the electricity supply,” he said.

‘Dumping ground’

As well as warning over regulation of the nuclear industry, the business committee’s report also warned that there were risks if the UK started regulating areas like energy efficiency differently from the rest of the European Union.

“The UK could become a dumping ground for energy inefficient products,” the report said.

“The committee urges the government to mirror or retain European standards for the immediate future at least,” it said.

Business Secretary Greg Clark gave evidence to the committee in April. He told the MPs it was “a very high priority” that arrangements were in place that would guarantee the UK’s supply of nuclear fuel.

Responding to the report, Mr Clark said: “The future of the nuclear industry in this country can only be protected by a prime minister who will actually stand up for Britain and nuclear power in Brexit negotiations.

“That’s the stark choice in this election – strong leadership with Theresa May, who has already commissioned the first new nuclear power station in a generation, or entrusting Britain’s nuclear future to floundering Jeremy Corbyn, a man who has spent his political career pushing for nuclear power stations to be decommissioned entirely.”

In March the first concrete was poured at Hinkley Point C in Somerset, which marked the construction of Britain’s first new nuclear power plant in more than 20 years.

Hinkley Point C is the first in a series of planned nuclear projects to replace ageing nuclear reactors and coal-fired power stations.

it is important

Such peoples, who earn much and continually on Forex, constitute only 10% from the total traders’ quantity. They are subject of envy and they are called “Guru” of the foreign exchange market. They are confident in their future. They are a living example of the fact that to succeed in Forex is quite real.

So, if you visited this page — you have got a unique chance to be among these 10% and begin the experience of a trader right now!

PLEASE, PAY ATTENTION

Before you begin to work on Forex market, you should be aware that it’s not possible to born as a professional of the stock exchange, you may become it. Don’t expect that the way from a beginner to a professional will be easy and pleasant. If you want to become a real professional on Forex market, you should constantly perfect yourself, extend your knowledge and consolidate your skills. The main danger of every financial market can be a sudden fall of quotations. The fall of the main index may turn out a crash for the same stock exchange. Actions’ devaluation may bring in its turn, to a failure of entire companies. Forex market functions in a little different way. Forex cannot fall so easily. Even the most drastic collapse of Dollar will mean the proportional rise of another currency, Euro for example. Any currency fall on any scale cannot bring to the total crash of the Forex market. The currencies’ sale will continue under the usual schedule: somebody will get profit, but somebody will bear losses. The currency exchange always was the most stable, and the currency was the most liquid and liable instrument for trade.